Category: Regulatory

Sebi will establish governance standards for REITs and InvITs that are comparable to those for publicly traded companies.

December 21, 2022

MUMBAI: Sebi, the market regulator, announced on Tuesday that it will implement governance standards for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) along the lines of listed companies. The provisions relating to auditor tenure, leverage computation, and unclaimed/unpaid distributions for REITs and InvITs will be standardized by the regulator. The Sebi board […]

Sebi will establish governance standards for REITs and InvITs that are comparable to those for publicly traded companies.more

Real estate private equity investment fell 17% to $5.13 billion.

December 19, 2022

NEW DELHI — According to Knight Frank India, private equity real estate investment fell 17 % this year to USD 5.13 billion as investors became cautious amid geopolitical and inflationary concerns. Private equity (PE) investment, in both pure equity and debt form, fell in the housing, office, and retail segments in 2022, while it increased […]

Real estate private equity investment fell 17% to $5.13 billion.more

Customers are irritated by the slow execution of MahaRERA recovery orders.

December 16, 2022

PUNE: Arun Seth (78) has been waiting nearly four years for revenue officials to execute a recovery warrant issued by MahaRERA against the contractor for the delay in ensuring possession of an apartment he purchased in Mumbai. “We had reserved a 550-square-foot one-bedroom flat in Malad in 2011. The developer and I reached an agreement […]

Customers are irritated by the slow execution of MahaRERA recovery orders.more

The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.

December 15, 2022

HYDERABAD: In the Heera Gold scam case, the Enforcement Directorate has temporarily attached the immovable and movable assets of SA Builders and Developers and Neelanchal Technocrats worth Rs 78 crore. It was claimed that the accused real estate firm diverted funds from the crime proceeds to shell companies in Kolkata and Shillong. The properties were […]

The ED seizes assets worth Rs. 78 crore in the Heera Gold scam.more

MahaRERA will approach UDD for a portal that displays approvals.

December 12, 2022

PUNE: The MahaRERA will approach the state’s urban development department (UDD) to establish a dedicated portal for all commencement and occupation certificate approvals. There is currently no portal that displays such permissions. One of the mandatory requirements for registering a project under the Act is that the promoter submits an application for a commencement certificate. […]

MahaRERA will approach UDD for a portal that displays approvals.more

In one month, the Nashik civic body collects Rs 11 crore from property tax defaulters.

December 8, 2022

NASHIK: The Nashik Municipal Corporation’s (NMC) decision to play the drums in front of large property tax defaulters’ houses is yielding positive results, with the civic body collecting Rs 11 crore in pending property tax from the defaulters in the last month. NMC has been sending teams to big defaulters’ homes and commercial establishments at […]

In one month, the Nashik civic body collects Rs 11 crore from property tax defaulters.more

Navi Mumbai: The SC orders the evacuation of 165 families in order to demolish illegal structures.

December 5, 2022

The Supreme Court has cleared the way for the demolition of two illegal buildings built over a decade ago in Nerul’s Sector 16A on plots reserved for a public garden. The ареx court has ordered the 165 families living in these “towers of corruption,” as activists refer to Krishna Complex and Trimurti Park, to give […]

Navi Mumbai: The SC orders the evacuation of 165 families in order to demolish illegal structures.more

The SIT has arrested five more developers in connection with the Kalyan-Dombivli RERA scam.

November 24, 2022

KALYAN: In a significant development in the RERA scam, the Special Investigation Committee has finally arrested five developers who prepared forged building authorization documents and used them to obtain RERA certificates to sell their unauthorized flats. The SIT has arrested 65 developers in this case, and they previously arrested 5 people in this scam who’d […]

The SIT has arrested five more developers in connection with the Kalyan-Dombivli RERA scam.more

Salarpuria sattva group’s assets have been frozen by the Enforcement Directorate.

November 10, 2022

HYDERABAD: The Enforcement Directorate (ED) has frozen the bank accounts of Salarpuria Sattva, a prominent real estate firm, in connection with the Heera gold scam. The ED discovered that the real estate company transacted with the scam-hit Heera Group, and money was routed to shel firms. On November 7, the ED conducted searches on the […]

Salarpuria sattva group’s assets have been frozen by the Enforcement Directorate.more

DLF Homes has been ordered by the SCDRC to pay home buyers Rs 1.35 lakh.

November 7, 2022

CHANDIGARH: The state consumer dispute redressal commission, UT, ordered DLF Homes and its directors to pay former Lieutenant General K J Singh and his wife Anita Singh Rs 1.35 lakh in lump sum compensation for causing mental agony and harassment, as well as litigation costs, within 30 days of receipt of a certified copy of […]

DLF Homes has been ordered by the SCDRC to pay home buyers Rs 1.35 lakh.more

Category: Regulatory

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